As of June 13, 2025, Greencastle Resources Ltd (VGN.V) reports a Current Ratio of 42.69.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Greencastle Resources Ltd's Current Ratio
Over recent years, Greencastle Resources Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 42.69 |
| 2023-12-31 | 100.08 |
| 2022-12-31 | 186.31 |
| 2021-12-31 | 150.76 |
| 2020-12-31 | 29.23 |
This slight upward trend highlights how Greencastle Resources Ltd manages its short-term assets and liabilities over time.
Comparing Greencastle Resources Ltd's Current Ratio to Peers
To better understand Greencastle Resources Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Greencastle Resources Ltd (VGN.V) | 42.69 |
| Metalore Resources Ltd (MET.V) | 78.24 |
| Altai Resources Inc (ATI.V) | 23.39 |
| Huntington Exploration Inc (HEI.V) | 14.44 |
| Trans Canada Gold Corp (TTG.V) | 2.98 |
| Kestrel Gold Inc (KGC.V) | 2.27 |
Compared to its competitors, Greencastle Resources Ltd's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.